Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

6.1 .4 CONSOLIDATED STATEMENT OF CASH FLOWS

2022

Notes

2021 (20) 650 (36) 594 (88)

(in millions of euros)

Operating income

988 591 (53)

Income and expense with no impact on net cash Net financial expense other than cost of debt

13

Operating cash flow before change in working capital and tax

1,526

Change in working capital

13

55

Tax expenses

(31)

56

Impact of discontinued activities Cash flows from operating activities

12

3

195 757

1,553 (695)

Purchase of tangible assets, intangible assets and investment property

13

(527) (56) (315)

Change in debt and advances on asset acquisitions

3

Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from sale of subsidiaries (net of cash sold) and investments

13 13

(414)

18

2

Change in other financial assets

(64)

(210)

Proceeds from sale of property, plant and equipment Proceeds from sale of non-consolidated investments

6

11

420

-

Dividends received

13

25

40

Cash flows from investing activities Proceeds from long-term debt Repayment of long-term debt

(701)

(1,055)

9 9

461

294

6

(770)

(578)

Repayments of lease liabilities and related financial charges

(20)

(17)

Capital grants received in the period

12 19

1

Revenue from issue of shares or other equity instruments

(1)

Net purchase/disposal of treasury shares

(34)

1

Dividends paid to non controlling interests in the subsidiaries

(11)

(4)

Change in other financial liabilities

(24)

(56)

Interest paid

(258)

(285)

Interest received

20

39

Impact of discontinued activities Cash flows from financing activities Impact of currency fluctuations

12

-

(176) (782)

(605)

5

-

CHANGE IN CASH AND CASH EQUIVALENTS

252

(1,080)

Net cash and cash equivalents at beginning of the period Net cash and cash equivalents at end of the period

2,378 2,630 2,631

3,458 2,378 2,379

13

of which Cash and cash equivalents

of which Bank overdrafts (1) Flow from investing activities: Including €375 million on investment Antalya airport concession and €420 million from the sale of the stake in Royal Schiphol Group. Flow from financing activities: bond repayment of €400 million expired in February 2022 and the contracting of a new bank loan for €302 million at TAV Kazakhstan offset by the repayment of other loans in the TAV sub-group for approximately €135 million. (1)

2022 8,011 (259) (329)

Notes

2021 7,484 1,096 (475) (94) (11) 527 8,011

(in millions of euros)

Net financial debt at beginning of period

Change in cash

(Proceeds from)/repayment of loans

Other changes

17

of which (debts)/surpluses transferred during business combinations

11

Change in net financial debt

(571) 7,440

Net financial debt at end of period

349

AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022